Atingere dette of the period because of the need to Ottaward recoged in the period in which they are warned or in red Other Earrings for income and dividende, Ocut the balance in the cash account for the effects of daytraction with me and crediton. od prepare revenue and expert courts for recording transactions in the next court period by bringing the balances to QUESTION 11 The informacion in the red leder shows the following journal entry Cash 3850 News Royale This journal enyin that the business must have Qanunda dividend to investor Ob bormowe Saso Odass debt One 550 to the company Cound me 12. The powerful QUESTION 12 Dura comerytatyear that account Orice Sule was for $2.000 eurot of peerde inte by 11 475 Onnelies by $1475 O by Fas Oferonico Atingere dette of the period because of the need to Ottaward recoged in the period in which they are warned or in red Other Earrings for income and dividende, Ocut the balance in the cash account for the effects of daytraction with me and crediton. od prepare revenue and expert courts for recording transactions in the next court period by bringing the balances to QUESTION 11 The informacion in the red leder shows the following journal entry Cash 3850 News Royale This journal enyin that the business must have Qanunda dividend to investor Ob bormowe Saso Odass debt One 550 to the company Cound me 12. The powerful QUESTION 12 Dura comerytatyear that account Orice Sule was for $2.000 eurot of peerde inte by 11 475 Onnelies by $1475 O by Fas Oferonico QUESTION 11 The information in the general ledger shows the following journal entry: Cash $850 Notes Payable $850 This journal entry indicates that the business must have a. issued an $850 dividend to investors. O b. borrowed $850. O c. repaid a $850 debt. d. loaned $850 to another company. QUESTION 10 Adjusting entries are made at the end of the period because of the need to O a assure that all revenues and expenses are recognized in the period in which they are earned or incurred. b. adjust Retained Earnings for net income and dividends. O c adjust the balance in the Cash account for the effects of all daily transactions with customers and creditors. d. prepare revenue and expense accounts for recording transactions in the next accounting period by bringing the balances to zero. Explain how the following journal entry affects the accounting equation: $800 Supplies Accounts Payable $800 O a. Both assets and liabilities decrease. O b. Both assets and equity increase. C. Both assets and liabilities increase. d. Both liabilities and equity decrease
